Blog
What Is Business Succession Planning — and Why Is It Important?
November 20th, 2018
If you own a business, you spend most (or all) of your time running the business. Do you ever consider what would happen to your business without you? You probably don’t — but you really need to consider that possibility. Business succession planning is the best way to plan for unexpected events that can dramatically affect your business. You i…
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Why Do You Need a Durable Power of Attorney?
October 25th, 2018
Some of the most important documents in a sound estate plan do not relate to what happens to your property after death. Those documents — called durable powers of attorney — protect you and your assets during your lifetime. If you become unable to make your own decisions for any reason, your durable powers of attorney designate someone you choo…
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Categories: Estate Planning
How Does a Revocable Living Trust Work?
September 27th, 2018
In our East Valley estate planning practice at Peterson Law Offices, clients often ask about how a revocable living trust works and also wonder if they need one. There isn’t a simple answer to those questions. Every estate plan is carefully designed to the individual client’s family and financial situation. A revocable living trust is a…
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What Happens If You Die Without a Will?
August 20th, 2018
If you die without a valid will or trust (referred to as dying intestate), Arizona laws make all your decisions for you. That includes determining who gets your money and property. The laws also decide who can make your funeral and burial decisions and arrangements. In addition, absent a will that gives your directions about what happens after you…
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Categories: Estate Planning
